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Groww launches new feature to exit highly loss-making F&O trades

Economic Times

Economic Times · 1y ago

Groww launches new feature to exit highly loss-making F&O trades

Groww, a financial services platform, has introduced a feature that allows users to exit high-loss trades in futures and options (F&O). About 15% of Groww's customers engage in F&O trading, making it a risky endeavor with potential losses. The new feature, called Safe Exit, helps users exit the trade when they reach a predetermined loss threshold. Within a week of its launch, over a million exits have been recorded on the app. Groww is also introducing additional features like anti-nudge alerts and suitability checks to promote responsible trading.

Related News

Is Groww really bigger than Zerodha?

Business Today

Business Today · 1y ago

Is Groww really bigger than Zerodha?

Indian fintech company Groww has surpassed Zerodha to become India's largest brokerage in terms of number of active investors, as per data released by the National Stock Exchange (NSE). While Groww has a larger user base, Zerodha still outperforms in terms of revenue. Zerodha recorded a 39% growth in revenue at Rs 6,875 crore compared to Groww's revenue of Rs 1,294 crore in FY23. The difference in revenue is due to Zerodha's dominance in Futures and Options (F&O) trading, while Groww focuses on attracting new customers and long-term investment products.

SEBI Circular For MIIs: Zerodha May Discontinue Zero Brokerage Structure

Inc42 · 1y ago

SEBI Circular For MIIs: Zerodha May Discontinue Zero Brokerage Structure

Zerodha's CEO, Nithin Kamath, revealed that the company may have to abandon its zero brokerage structure or increase brokerage fees for F&O trades due to recent SEBI regulations. The new circular requires market infrastructure institutions to have a uniform and equal charge structure for all members, eliminating the rebate that contributes to 10% of Zerodha's revenue. This change may lead to adjustments in the brokerage fees for their customers.

SEBI’s new rules could impact 60% of F&O trades, says Zerodha's Nithin Kamath

YourStory

YourStory · 10m ago

SEBI’s new rules could impact 60% of F&O trades, says Zerodha's Nithin Kamath

- SEBI's new rules limiting weekly expiries in the derivatives market could impact about 60% of overall F&O trades. - The restriction on weekly contracts might lead to a potential 30% reduction in Zerodha's order volume. - Zerodha co-founder Nithin Kamath believes the impact will become clearer by November 20 when the rules come into effect, and the company might reconsider its pricing structures accordingly. - The changes also include doubling contract sizes and increasing margin requirements, which could deter retail traders with smaller capital. - SEBI's intention behind the changes is to reduce systemic risks and speculative trading in derivatives but can also affect accessibility and participation for retail investors. - Discount brokers like Groww and Zerodha have been posting rising revenues and profits, with Zerodha reaching $1 billion in revenue in FY24 and Groww's net operating income more than doubling.

Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday

Money Control

Money Control · 1y ago

Stock Radar: Nykaa, Titan, IndusInd Bank, Tata Motors, NLC India in focus on Monday

Here's a summary of the stocks in focus for Monday's trade: 1. Quarterly earnings announcements: Shalby, Khoobsurat, Oceanic Foods, Secure Credentials, and GD Trading & Agencies will report their earnings. 2. Companies' provisional numbers: FSN E-Commerce Ventures (Nykaa), Signature Global India, Union Bank of India, Adani Wilmar, Dabur India, Titan Company, Induslnd Bank, Marico, Bank of Baroda, and more will share their quarterly numbers. 3. Stocks to watch: Bank of Baroda, Tata Motors, NLC India, JM Financial, Infosys, Multi Commodity Exchange of India, Bandhan Bank, Equinox India Developments, Garware Hi-Tech Films, Aditya Birla Capital, Power Grid Corporation of India, Federal Bank, Gillette India, Coforge, PC Jeweller. 4. Bulk Deals: HEG and Inox Green Energy Services witnessed bulk selling. 5. Ex-Dividend and Ex-Bonus: Computer Age Management Services trades ex-dividend, while Clara Industries trades ex-bonus. 6. F&O Ban: GNFC, Aditya Birla Fashion & Retail, Bandhan Bank, Hindustan Copper, India Cements, Piramal Enterprises are under the F&O ban.

JM Financial Expects Jio Financial Services, Zomato To Join Nifty If Added To F&O

Inc42 · 1y ago

JM Financial Expects Jio Financial Services, Zomato To Join Nifty If Added To F&O

Broking firm JM Financial predicts that if Jio Financial Services and Zomato are included in the futures and options (F&O) market, Trent and Bharat Electronics may join the Nifty index. This comes as new eligibility criteria for the derivatives market proposed by SEBI could potentially allow new-age tech stocks to enter the F&O segment, according to Nuvama Institutional Equities.

Zomato, Paytm Added To NSE’s F&O Stocks

Inc42 · 8m ago

Zomato, Paytm Added To NSE’s F&O Stocks

The NSE has announced the addition of new-age tech stocks, including Delhivery, Jio Financial Services, Paytm, Nykaa, PB Fintech and Zomato, to the F&O segment. This move comes as the number of new-age tech IPOs is increasing in the country. Additionally, 45 other stocks, including NHPC, Tata Elxsi, Union Bank of India, LIC, and Angel One, will also be added to the F&O segment from November 29.

Bengaluru needs a 'Dalal Street': Zerodha CEO Kamath

Inshorts · 1y ago

Bengaluru needs a 'Dalal Street': Zerodha CEO Kamath

Nithin Kamath, CEO of Zerodha, suggests having a 'Dalal Street' symbolically in Bengaluru, as over 50% of retail trades in India originate from there. Fintech startup Groww recently surpassed Zerodha as India's leading brokerage in terms of active investors. Groww has seen significant customer growth, while Zerodha's user base has remained stagnant, attracting new competitors like HDFC Bank.

Why is Groww raising brokerage fees by 150% for small trades?

Economic Times

Economic Times · 2m ago

Why is Groww raising brokerage fees by 150% for small trades?

Groww, India's leading broker, is raising brokerage fees by 150% for small trades due to regulatory pressures squeezing profits. The minimum equity brokerage will increase from ₹2 to ₹5 per order starting June 21. This move, affecting about 13 million clients, aligns with industry-wide adjustments following SEBI's 'true-to-label' norms that reduced profitability by eliminating hidden markups. Additionally, Groww will revise its Margin Trading Facility interest rates, impacting high-volume users.

Groww Creditserv’s Loan Book Grows 31% QoQ To INR 965.44 Cr At The End Of June Quarter

Inc42 · 10m ago

Groww Creditserv’s Loan Book Grows 31% QoQ To INR 965.44 Cr At The End Of June Quarter

Groww Creditserv, an NBFC of invest tech unicorn Groww, reported a loss of INR 24.1 Cr in FY24, compared to a loss of INR 2.8 Cr in FY23. According to rating agency ICRA, personal loans constituted 98% of the total loan book, while consumer durable loans made up the rest. Groww Creditserv obtained an NBFC license from RBI in late 2022.

Zerodha introduces Privacy Mode to hide real-time P&L changes

YourStory

YourStory · 11m ago

Zerodha introduces Privacy Mode to hide real-time P&L changes

Zerodha has introduced a "Privacy Mode" feature on its trading app, Kite, to help users avoid overtrading. The feature hides real-time changes in profit and loss (P&L) statements to prevent distractions and reduce the temptation to make impulsive trades. Zerodha aims to improve clients' trading performance by focusing on their trading strategy rather than day-to-day fluctuations. This follows the company's previous features such as the Kill Switch and Virtual Contract Note, which encourage responsible trading and offer comprehensive cost breakdowns.

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